The process being used for acquisition of property along the Solomon Hochoy Highway extension to Point Fortin is transparent and cannot be easily subverted.
This was stated yesterday by the National Infrastructure Development Limited (Nidco) which also advised that settlements made for properties along the pathway of the highway will be done in accordance with established principles regarding the valuation of properties.
The State agency issued a statement in response to a protest involving residents living in the path of the proposed highway route between Debe and South Oropouche. The residents, who are being relocated to make way for the Debe to Fyzabad segment of the $7.2 billion highway, are demanding fair compensation for their homes and land.
Nidco responded that the residents’ claims were in the early stages and no compensation had been paid to date.
“In this regard, the amount of compensation requested by claimants may not necessarily be the final settlement figure agreed at after the process of negotiation,” the release stated.
Nidco explained that the company obtains a valuation of the property by an independent valuator. Negotiations would follow with the claimant, Nidco’s legal representative, and an independent valuer.
Nidco stated that there would be consideration of a proposed settlement by a Land Acquisition Oversight Committee, comprising professional representation from several Government Ministries; and consideration and determination by Nidco’s Tenders Committee, of any recommendation by the Committee before settlement is arrived at.